Zacks Investment Research cut shares of Intelsat (NYSE:I) from a hold rating to a sell rating in a report published on Saturday.
According to Zacks, “Intelsat Investments S.A. provides satellite communications services. The company offers network services comprising transponder services, video distribution and contribution services, hybrid satellite, fiber and teleport managed services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications, multinational corporations, internet service providers, military and government sectors. Intelsat Investments S.A. is based in Luxembourg. “
A number of other equities research analysts have also recently commented on I. Barclays reaffirmed a hold rating and set a $23.00 price objective on shares of Intelsat in a research note on Friday, February 1st. TheStreet cut shares of Intelsat from a c- rating to a d rating in a research note on Wednesday, February 6th. Raymond James raised shares of Intelsat from an underperform rating to a market perform rating in a research note on Wednesday, March 6th. They noted that the move was a valuation call. Finally, Evercore ISI began coverage on shares of Intelsat in a research note on Monday, February 25th. They set an outperform rating and a $50.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $30.50.
Shares of NYSE I opened at $16.02 on Friday. The company has a market cap of $2.37 billion, a PE ratio of -6.88 and a beta of 1.35. Intelsat has a 12 month low of $3.55 and a 12 month high of $37.70.
Intelsat (NYSE:I) last issued its quarterly earnings data on Wednesday, February 20th. The technology company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.67). The firm had revenue of $542.70 million for the quarter, compared to analyst estimates of $539.00 million. Intelsat’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.75) earnings per share. Research analysts forecast that Intelsat will post -1.11 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Csenge Advisory Group acquired a new stake in Intelsat in the 3rd quarter valued at $28,000. We Are One Seven LLC purchased a new position in Intelsat in the 4th quarter valued at $49,000. Quantamental Technologies LLC purchased a new position in Intelsat in the 4th quarter valued at $51,000. Nisa Investment Advisors LLC lifted its holdings in Intelsat by 1,291.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,340 shares of the technology company’s stock valued at $71,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Girard Partners LTD. purchased a new position in Intelsat in the 3rd quarter valued at $120,000. 58.65% of the stock is currently owned by hedge funds and other institutional investors.
Intelsat SA, together with its subsidiaries, provides satellite communications services worldwide. The company offers a range of communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations, and Internet service providers; and commercial satellite communication services to the U.S.
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